🔹 Revenue: €1.77B (Est. €1.71B) 🟢; UP +7% YoY
🔹 EBITDA: €670M (Est. €645M) 🟢; UP +5% YoY
🔹 EPS: €2.14 (Est. €2.09) 🟢; UP +3% YoY
🔹 Net Profit: €382M; UP +2% YoY
🔹 Deliveries: 3,401 units (Est. 3,347); flat YoY
Segment Breakdown:
🔹 Cars & Spare Parts: €1.48B (+6% YoY; +8% CC)
🔹 Sponsorship & Brand: €211M (+21% YoY; +22% CC)
🔹 Other: €76M (+9% YoY; +13% CC)
Regional Deliveries:
🔹 EMEA: +2% YoY
🔹 Americas: –2% YoY
🔹 China/HK/Taiwan: –12% YoY
🔹 Rest of APAC: +9% YoY
Operational Metrics:
🔹 EBIT: €503M (Est. €471M) 🟢; UP +8% YoY
🔹 Industrial Free Cash Flow: €365M
🔹 Net Industrial Debt: €116M
🔹 Available Liquidity: €1.97B
🔹 Hybrid Models: 43% of total shipments
2025 Guidance (Revised Upward):
🔹 Revenue ≥ €7.1B (Prev. > €7.0B)
🔹 EBITDA ≥ €2.72B; Margin ≥ 38.3%
🔹 EBIT ≥ €2.06B; Margin ≥ 29%
🔹 EPS ≥ €8.80
🔹 Industrial FCF ≥ €1.3B
Updates:
🔸 Announced eighth tranche of €2B share buyback program (up to €360M, ends Dec 2025)
🔸 Unveiled new 849 Testarossa & Testarossa Spider (1,050 cv hybrid plug-ins)
🔸 Completed new e-Vortex test circuit; showcased first full-electric Ferrari chassis
🔸 Renewed multi-year CEVA Logistics and BingX partnerships
🔸 “We continue to advance with conviction and strong visibility. Our interpretation of electric technology — embodied in the Ferrari Elettrica — will once again drive innovation.” – CEO Benedetto Vigna